OUR DEPOSIT GUARANTEE SCHEME
IT'S IMPORTANT TO KNOW HOW YOUR MONEY IS PROTECTED
Your eligible deposits with RCI Bank UK Limited are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.
All the accounts we offer are covered by the FSCS, protecting the first £85,000 per customer.
For more information please visit www.fscs.org.uk/.
IF YOU HAVE A TEMPORARY HIGH BALANCE
The FSCS provides a £1,000,000 protection limit per individual for certain types of temporary high balances held with a bank for a period of up to six months in the event the bank holding the deposits fails. Proceeds from certain life events such as the sale of a house, redundancy payment, inheritance and certain court judgements fall within the scope of this protection limit.
For more information and a full list of what life events fall into the scope of temporary high balances please click here.